Just-Lisa-Now-
Level 15
03-06-2020
09:27 AM
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Unless the seller lived in the house for 2 out of the past 5 years, there wouldnt be any "exclusion" (assuming youre referring to IRC121), but they would get the stepped up basis at the date of death.
Sale of real estate is input using Schedule D, Im not familiar with Basic, but Sch D should be your starting point.
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